"The Dow rose more than 1,080 points, or nearly five percent, marking the first time in history the exchange rose more than 1,000 points in a single day of trading. The S&P 500 climbed more than 100 points, or about five percent, while the tech-heavy Nasdaq Composite rose more than 360 points, or nearly six percent.
All three major exchanges posted their largest single-day point increase on record." foxbusiness.com/markets/stock-futures-trade-cautiously-on-political-concerns
Our Country is doing very well. Because we are finally putting America First.
A report at Bloomberg offers a less rosy perspective:
Just one of the S&P 500 members fell on Wednesday, when the Dow Jones Industrial Average jumped more than 1,050 points for its biggest-ever point gain. Consumer shares paced the rally, with Amazon.com Inc. jumping 9.5 percent on record holiday sales. Each member of the FAANG[*] cohort rallied at least 6.4 percent. Nike and Apple rose more than 7 percent.
Yet it's still a horrible month for U.S. stocks, with the S&P 500 down almost 11 percent. Japan's Topix is even worse, with a 14 percent slide. Emerging markets have done better, thanks to expectations of less aggressive tightening by the Fed. The Shanghai Composite is off less than 4 percent, for example. And China's yuan, along with most major Asian currencies, is up against the dollar this month.
[*] FAANG: "FAANG is an acronym for the market's five most popular and best-performing tech stocks, namely Facebook, Apple, Amazon, Netflix and Alphabet's Google."
(Score: 3, Interesting) by Azuma Hazuki on Thursday December 27 2018, @09:26PM (1 child)
May I remind you one of our Congresscritters said almost exactly that not so long ago, complete with a handful of snow?
I am "that girl" your mother warned you about...
(Score: 3, Interesting) by Thexalon on Thursday December 27 2018, @10:42PM
Which just proves my point, of course.
Not coincidentally, the same people who now think the economy is saved due to a 1-day temporary reversal of trends is also duped by the "snow = no global warming" argument. It's almost like they think that when reality doesn't do what you think it ought to be doing, the answer is that reality is wrong rather than their thinking.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.